"Compared with five years ago， the total volume of the actual use of foreign investment in Guangzhou in 2016 increased by one-third， showing a steadily progressing trend，" said Chen Jie， director of Guangzhou Municipal Commission of Commerce.

By the end of 2016， 288 of Fortune Global 500 companies had operations in Guangzhou， including Cisco Systems (China)， which invested 20 billion yuan in the Cisco (Guangzhou) Smart City project， aiming to build the largest platform of Internet R&D and intelligent operations， outside the United States.

"The project offers a great opportunity to present an innovative example to the world，" said Chuck Robbins， Cisco Global CEO.

Guangzhou has been an important foreign trade port in China for over 2，000 years and is known as the "Millennium Business Capital." It is attracting more global investors due to its improving investment environment.

The city has strong support in innovation and entrepreneurship. It boasts two-thirds of the province's universities， 97 percent of national key disciplines and every type of key state lab. It has 2.88 million people with a college degree or above 1.41 million technical and managerial employees.

The Guangdong free trade zone was set up to boost foreign investment in 2015. The trade zone has implemented a series of innovation measures such as in cross-border RMB business， financial exchange， shipping logistics， trade， and government services.

Guangzhou has also devoted itself to a new round of reform. Many effective measures such as industrial and commercial registration， tax relief and customs clearance have been implemented.

"Guangzhou will seize opportunities to build itself into a network city and establish a high-level open economic system，" Chen said. "With the improvement of industry vitality， infrastructure， business cost， talent and innovation， the city will attract more global capital， technology， talent and information， and make itself more internationally competitive."

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TOKYO, June 14 (Xinhua) -- Tokyo stocks ended marginally lower Wednesday as initial gains on Wall Street's advance were pared by a circumspect mood ahead of the conclusion of the U.S. Federal Reserve's two-day policy meeting later on the day.

The 225-issue Nikkei Stock Average shed 15.23 points, or 0.08 percent, from Tuesday to end the day at 19,883.52.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, edged 1.74 points, or 0.11 percent, lower to finish at 1,591.77.